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PRIVACY ACT 1988
AUTHORITY AND AGREEMENT
In accordance with the Privacy Act 1988,individuals who are parties to a finance application should complete this form (after reading it very carefully) and submit it with the application to the nominated credit provider.
To: “the credit provider” Date:
1. Disclosure of Credit Reporting Information to a Credit Reporting Agency
I/We acknowledge and agree that under Section 18E(8)© of the Privacy Act, the credit provider may give to a credit reporting agency certain information about my/our application for finance. The information which may be given to an agency is covered by Section 18E(1) of the Act and includes:
Identity particulars as permitted by the Privacy Commissioner [viz full name (including any known aliases), sex, date of birth, current or last known address, previous two addresses, name of current or last known employer and driver’s licence number];
The fact that I/We have applied for finance and the amount;
The fact that the credit provider is a current provider to me/us;
Payments which become overdue more than 60 days and for which collection action has commenced;
Advice that payments are no longer overdue;
Cheques drawn by me/us that have been dishonoured more than once;
In specified circumstances that, in the opinion of the credit provider, I/we have committed a serious credit infringement;
The fact that credit provided by the credit provider has been paid or otherwise discharged.
By virtue of this acknowledgment, I/we confirm that the credit provider has informed me/us of it’s disclosure policy in regard to a credit reporting agency and that I/we consent to such disclosures until the facilities to which they relate are at an end.
2. Authority of Credit Provider to Perform Certain Permitted Actions
I/We acknowledge and agree:
(a)That if it is considered relevant in assessing my/our application for personal finance, the credit provider or its agent may obtain a report about my/our commercial activities or commercial credit worthiness from a business which provides information about the commercial credit worthiness of persons;
(b) That if it is considered relevant in assessing my/our application for commercial finance, the credit provider may obtain from a credit reporting agency a credit report containing personal credit information about me/us.
(c) That if it is considered relevant to collection of overdue payments in respect of commercial finance provided to me/us, the credit provider may receive from a credit reporting agency a credit report containing personal information about me/us.
(d) That the credit provider may give to and seek from any other credit providers named in the accompanying finance application and any credit providers that may be named in a personal or commercial credit report issued by a credit reporting agency or a commercial credit reporting agency respectively, information about my/our personal or commercial credit arrangements. I/We understand that this information about my/our personal or commercial credit arrangements can include any information about my/our credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to give or receive from each other under the Privacy Act.
(e) That the credit provider may give to any guarantor or proposed guarantor any personal credit information or records that has/have a bearing on my/our worthiness, credit standing, credit history or credit capacity in connection with my/our personal credit facilities. In the case of a proposed guarantor, the information is for the purpose of deciding whether to act as guarantor of or to offer security for such credit facilities.
(f) That the credit provider may give to any guarantor of my/our personal credit facilities under a contract of guarantee or security entered into before the date of this authority, any personal credit information that is relevant to the amount or possible amount of the guarantor’s liability under the contract of guarantee or security.
3. Agreement/Authority by Guarantors
I/We acknowledge and agree that the credit provider may seek from a credit reporting agency a credit report containing personal information about me/us to assess whether to accept me/us as a guarantor of finance applied for or granted to the applicant(s)/customer(s) named below. I/We agree that, if the credit provider approves the application for finance, this agreement remains in force until the facility covered by the application ceases.
4. Authority to Give Information to Agents
I/We authorise the person/s named below to give to and receive from the credit provider any record or personal information about me /us in connection with the processing and accepting of any application for credit facilities and/or the subsequent management of the credit provided:
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